Shore Bancshares Raises Dividend 17%, Authorizes $30M Buyback

Dow Jones

05/22

By Katherine Hamilton

Shore Bancshares raised its quarterly dividend 17% to 14 cents a share from 12 cents.

The two cent increase will be payable June 17 to shareholders of record as of June 3.

The new payout, equal to 56 cents per year, represents an annual yield of 2.8% based on Thursday's closing price of $19.95.

Shore also said its board approved a buyback of up to $30 million over the next 12 months.

Chief Executive James Burke said the dividend increase and share buyback authorization reflect the bank holding company's strong capital position and earnings power.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 21, 2026 16:52 ET (20:52 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637352100","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637352100","pubTimestamp":1779396720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shore Bancshares raised its quarterly dividend 17% to 14 cents a share from 12 cents.The two cent increase will be payable June 17 to shareholders of record as of June 3.The new payout, equal to 56 cents per year, represents an annual yield of 2.8% based on Thursday's closing price of $19.95.Shore also said its board approved a buyback of up to $30 million over the next 12 months.Chief Executive James Burke said the dividend increase and share buyback authorization reflect the bank holding company's strong capital position and earnings power.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","SHBI":"Shore Bancshares Inc"},"translate_title":"Shore Bancshares将股息提高17%，授权回购3000万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHBI":1.5},"content_text":"By Katherine Hamilton \n\n\n \n\n\nShore Bancshares raised its quarterly dividend 17% to 14 cents a share from 12 cents. \n\n\n  The two cent increase will be payable June 17 to shareholders of record as of June 3. \n\n\n  The new payout, equal to 56 cents per year, represents an annual yield of 2.8% based on Thursday's closing price of $19.95. \n\n\n  Shore also said its board approved a buyback of up to $30 million over the next 12 months. \n\n\n  Chief Executive James Burke said the dividend increase and share buyback authorization reflect the bank holding company's strong capital position and earnings power. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2026 16:52 ET (20:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}